Average Chief Executives Salary in North Arkansas nonmetropolitan area
Chief Executives in the North Arkansas nonmetropolitan area earn an average annual salary of $131,080. This figure is notably lower than the national average of $283,090, reflecting regional economic factors and a smaller scale of operations typical in nonmetropolitan settings. The compensation structure in this area is influenced by the local market dynamics and the specific needs of businesses operating within it.
Executive Summary
- Average Salary: $131,080 per year.
- Growth Trend: Salaries have shifted 28.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $222,780.
- Outlook: The job market for Chief Executives in the North Arkansas nonmetropolitan area appears moderately concentrated, with a total local workforce of 250 individuals in this role. The Location Quotient of 1.51 suggests a higher prevalence of these positions compared to the national average, indicating a degree of specialized demand within the region's economic landscape.
Salary Overview
The average Chief Executives in North Arkansas nonmetropolitan area earns-53.7%below the national average.
$63
$2,521
$10,923
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Chief Executive roles across most regions, including nonmetropolitan areas, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increasing business complexity, and the evolving responsibilities associated with executive leadership.
Chief Executives Salary Distribution in North Arkansas nonmetropolitan area
Salary progression for Chief Executives is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior executives with extensive track records and proven leadership skills can achieve compensation well above the average. The percentile gaps in salary distribution highlight the substantial rewards associated with career advancement and the accumulation of expertise in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,380 | $16 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,310 | $47.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $106,290 | $51.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $163,850 | $78.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $222,780 | $107.1 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$131,080
Gross Pay
Real Wage (Purchasing Power)
$131,080
Adjusted for COL (100)
The average annual salary of $131,080 in the North Arkansas nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Chief Executive's salary in this region is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
250
Total Jobs
2.076
Per 1K Jobs
1.51
Location Quotient
North Arkansas nonmetropolitan area has 1.5x the national concentration of Chief Executives jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.51, the North Arkansas nonmetropolitan area exhibits a concentration of Chief Executive roles that is 51% higher than the national average. This suggests a relatively robust demand for executive leadership within the region, potentially indicating fewer candidates per opening compared to more saturated markets.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Chief Executives Salary | $193,120↑ 47% | 17 mi |
| Hot Springs, AR Chief Executives Salary | $139,560↑ 6% | 51 mi |
Comparing salaries near North Arkansas nonmetropolitan area
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in North Arkansas nonmetropolitan area?
The median annual salary for a Chief Executives in North Arkansas nonmetropolitan area is $131,080. This typically ranges from $33,380 for entry-level positions to $222,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Arkansas nonmetropolitan area is 53.7% lower than the national median of $283,090.
Is North Arkansas nonmetropolitan area a lucrative place for Chief Executives?
No, not when compared to national averages.While the average salary of $131,080 is substantial, it falls significantly short of the national average of $283,090. However, the cost of living is also at the national average, making the nominal salary's purchasing power comparable.
Is North Arkansas nonmetropolitan area a good place to live for Chief Executives?
The Cost of Living Index in North Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($193,120) and Hot Springs, AR.
How does the local workforce size affect Chief Executive salaries?
A smaller local workforce of 250 Chief Executives suggests a more specialized market. While this can sometimes lead to higher demand, the overall economic scale of a nonmetropolitan area often caps executive compensation compared to larger metropolitan regions.
What does a Location Quotient of 1.51 mean for Chief Executives?
A Location Quotient of 1.51 indicates that Chief Executive roles are 51% more concentrated in the North Arkansas nonmetropolitan area than the national average. This suggests a higher relative demand for these positions within the region's economy.
How does the cost of living impact the value of a Chief Executive salary in North Arkansas?
With a Cost of Living Index of 100, the nominal salary of $131,080 has the same purchasing power as it would nationally. This means that while the salary is lower than the national average, the expenses associated with living are also on par.
Are there many job opportunities for Chief Executives in this area?
The concentration of jobs per 1,000 workers at 2.076 indicates a steady presence of Chief Executive roles relative to the overall workforce. While not exceptionally high, it signifies consistent opportunities within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the North Arkansas nonmetropolitan area area with a job density of 2.076 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in North Arkansas nonmetropolitan area